Professor of the University of Arkansas Law School: The definitions of cryptocurrencies vary from US to US regulators, partly for profit reasons.

According to Talk Business Politics, Carol Goforth, a professor at the University of Arkansas School of Law, pointed out in a recent article that every US regulator has determined that cryptocurrencies are within its jurisdiction, depending on the different regulators, and that the cryptocurrency is simultaneously It is recognized as commodities, securities, currency, and property. He also pointed out, "When you talk to CFTC, SEC, FinCEN, you will find that each organization has different definitions (corresponding to goods, securities, currency), and for the IRS, if the cryptocurrency is a kind Property, the IRS can get the most out of it. So for them, cryptocurrency is always a property."